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Policy for the construction and supply of affordable housing in Korea

Related Document
Frame of Image  and Maritime Affairs (MLTM), M Republic of Korea
Prepared by	 Author
Korea Research Institute for Human Settlements (KRIHS) Chungyu Park, Korea Research Institute for Human Settlements (KRIHS) Sooyun Gwon, Korea Research Institute for Human Settlements (KRIHS) Hosang Sakong, Korea Research Institute for Human Settlements (KRIHS) Soyoung Lee , Korea Research Institute for Human Settlements (KRIHS)
Advisory Research Management
Chul Go, Former President of Korea Housing Institute Korea Development Institute (KDI) School of Public Policy and 	 Management
Supported by
Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000208-01 ISBN 978-89-93695-47-2 94320 ISBN 978-89-93695-27-4 [SET 40] Copyright © 2012 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000208-01
Knowledge Sharing Program
2011 Modularization of Korea’s Development Experience
Policy for the Construction and Supply of Affordable Housing in Korea
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea had transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by


Full Text
Title Policy for the construction and supply of affordable housing in Korea
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Park, Chungyu; Gwon, Sooyun; Sakong, Hosang; Lee, Soyoung

Publisher

Seoul:Korea Research Institute for Human Settlements

Date 2012
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 978-89-93695-47-2; 978-89-93695-27-4 [SET 40]
Pages 108
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Construction
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Land, Transport and Maritime Affairs; Korea Research Institute for Human Settlements
Sponsor Ministry of Strategy and Finance
Project Term 2011-01-01 ~ 2011-12-31

Abstract

Korean government has made efforts to establish a sustainable housing supply system so to settle the housing shortage for a long time. Also the government has implemented a policy in earnest to minimize the polarization between classes and to improve the housing welfare for low income households. With such efforts, the housing level in Korea has seen a huge improvement in both quality and quantity. The national housing stock has increased by a factor of 3.3, from 4,378,000 in 1960 to 14,677,000 in 2010, consequently the housing supply ratio that fell to 70% in 1985 by showing a continuous decline since 1960, increased to 86% in a census performed in 1995 and to 112.9% in that performed in 2010, that is, the housing shortage has been hugely improved. Moreover, the level of dwelling quality such as the density of occupancy and level of facilities has also been improved remarkably and the tenure security of housing occupation is also improving. (The rest omitted)